Financial technology has always been at the back burner of industrial disruptive technologies until the previous decade. In a saturated market, where traditional players are now catching up with emerging tech and excellent user experience, FinTech products and solutions face a highly competitive marketplace.
The Middle East region is already quite far ahead in the FinTech growth competition by giving big guns like the UK a tough time in cradling its crown. It is very likely that within the next few years, the country that boasted $50.9 billion of investment in FinTech back in 2019 is going to be dethroned.
The COVID-19 pandemic caused a dynamic shift in the world of work. Just over a year ago, people were sitting in their offices and tapping away at their keyboards while silently cursing their loud and obnoxious coworkers. That’s all changed.
As a result of the global pandemic, businesses everywhere were forced to adapt to online work environments as the threat of transmission rendered office work impossible. Where working from home was once a perk for employees, it’s become the new normal.